General Dynamics (NYSE:GD) Director Mark Malcolm Sells 1,210 Shares

General Dynamics Corporation (NYSE:GD) Director Mark Malcolm sold 1,210 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $319.04, for a total transaction of $386,038.40. Following the transaction, the director directly owned 10,186 shares in the company, valued at approximately $3,249,741.44. This represents a 10.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

General Dynamics Price Performance

GD stock opened at $322.19 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $322.85. The firm’s fifty day moving average is $304.19 and its 200 day moving average is $280.27. The firm has a market cap of $86.67 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.96 and a beta of 0.48.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter last year, the firm earned $3.26 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Institutional Investors Weigh In On General Dynamics

Several institutional investors and hedge funds have recently modified their holdings of GD. Rialto Wealth Management LLC lifted its position in shares of General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics in the 1st quarter worth about $26,000. Copia Wealth Management purchased a new stake in shares of General Dynamics in the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the 1st quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GD. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Barclays increased their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. TD Cowen increased their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their price target for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. Finally, Susquehanna increased their price target on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of “Hold” and an average target price of $315.78.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.